Market News

Anthropic's Pre-IPO Credit Facility Expands Beyond $10 Billion

Anthropic is expanding its revolving credit facility past its initial $10 billion target as the AI company prepares for an anticipated initial public offering this fall. Multiple banks are reportedly participating in the credit line, positioning themselves ahead of the company's Wall Street debut.

Gaja Alternative Asset Management raises Rs 165 crore from anchor investors

Gaja Alternative Asset Management secured Rs 165 crore from anchor investors ahead of its Rs 550 crore initial public offering, which opens for public subscription on Wednesday. The IPO proceeds will be allocated toward debt repayment, new fund seeding, and general corporate purposes, with listing scheduled for August 26 on BSE and NSE.

Tube Investments shares surge 8% on Q1 earnings, Motilal Oswal maintains Buy

Tube Investments of India's stock jumped 8% after the company reported Q1FY27 results showing a 17.7% revenue increase to Rs 2,227.63 crore, though profit declined 5% year-on-year to Rs 158.62 crore. Motilal Oswal retained its Buy rating with a Rs 3,379 target, highlighting strong core business performance and robust volume growth.

Biocon shares rise 2% after USFDA approval for Yesintek autoinjector

Biocon's share price increased 2% following supplemental FDA approval for Yesintek single-dose prefilled autoinjectors in two strengths for its US subsidiary. The approval expands the company's immunology portfolio in the United States market.

US stocks slip as oil surge, retail earnings await

Major US stock indexes declined as oil prices rose amid Iran-related concerns and global supply uncertainties, while investors awaited earnings reports from retail giants Home Depot and Walmart. The cautious market sentiment was reinforced by recent economic data from July, with technology stocks showing mixed performance despite ongoing AI investment activity.

Gold Rebounds on Safe-Haven Appeal After US-Iran Tensions Ease

Gold has recovered nine percent from recent lows as investors and central banks reassess safe-haven demand following market turbulence related to US-Iran tensions. Lower oil prices and softer inflation data are supporting the precious metal's renewed upward trajectory.

Puravankara Q1 Results: Revenue Surges 63% to Rs 877 Crore

Puravankara reported strong Q1 FY27 results with revenue jumping 63% year-on-year to Rs 877 crore and PAT reaching Rs 25 crore, driven by a 28% rise in pre-sales and delivery of 745 homes. The company also significantly expanded its Bengaluru land portfolio with transactions adding Rs 5,200 crore in gross development value.

Four Midcap Stocks Hit 52-Week Highs as Market Shows Selective Strength

Four BSE Midcap stocks—KEI Industries, LG Electronics India, Ajanta Pharma, and Ipca Laboratories—reached fresh 52-week highs despite the Sensex declining 281 points, with Ajanta Pharma leading the charge with a 98% monthly surge. The outperformance underscores pockets of concentrated strength in India's midcap segment even as the broader market faced headwinds.

Indian Equities Could Deliver 15% Annual Returns Over 5 Years

Raamdeo Agrawal of Motilal Oswal projects that Indian equity investments may generate approximately 15% annual returns over the next five years. However, foreign investors are reportedly being drawn to alternative markets such as South Korea and the United States, citing concerns over India's capital gains tax regime and currency volatility.

Global Rate Hikes Pose Bigger Threat to Bonds Than Fed Policy

Central banks in Japan, Canada, and the eurozone are signaling plans for sharper interest rate increases than the United States, creating new challenges for bond markets and raising volatility concerns across global financial markets. The divergence in monetary policy trajectories is expected to strain traditional bond valuations while affecting stock prices and currency movements as investors navigate rising inflation and geopolitical risks.

Geraldine Weiss's Dividend Strategy: Blue-Chip Formula

Geraldine Weiss developed a disciplined value-investing approach centered on purchasing financially strong blue-chip companies when dividend yields exceeded their historical averages. The strategy integrated reliable dividend growth, reasonable valuations, moderate debt levels, and patience to generate income while identifying undervalued equities.

Key Factors to Watch as Indian Markets Resume Trading Monday

Indian stock indices Sensex and Nifty concluded last week with losses amid range-bound trading, with analysts identifying several critical factors that could influence market movement in the coming week. Technical levels show Nifty support positioned at 24,200-24,230 and resistance at 24,500-24,550 as traders prepare for Monday's session.

Celebrity investors back Purple Style Labs' ₹660 crore IPO push

Purple Style Labs, parent company of Pernia's Pop-Up Shop, is preparing for a ₹660 crore initial public offering by end of August with backing from high-profile investors including Shah Rukh Khan, Madhuri Dixit, and Sachin Tendulkar. The fashion e-commerce platform has secured Sebi approval and expanded into physical retail with 14 Experience Centres across India and London.

Buffett Says Cash Is Oxygen, Not Asset; Berkshire Deploys Reserves

Warren Buffett has characterized cash as essential 'oxygen' but cautioned against holding it as a long-term asset, as Berkshire Hathaway under Greg Abel's leadership actively deploys its substantial cash reserves through share buybacks and equity investments, including a significant new position in Alphabet. The company's strategic capital deployment resulted in reduced cash holdings alongside strong increases in operating profit and net income.

Jhunjhunwala's 1989 contrarian bet: Rs 1 crore to Rs 20 crore overnight

Legendary investor Rakesh Jhunjhunwala reportedly turned Rs 1 crore into Rs 20 crore following the 1989 Union Budget by betting against market panic over perceived anti-business policies. At age 29, Jhunjhunwala's contrarian conviction in VP Singh's government's growth-oriented approach exemplified the conviction-driven strategy that built his reputation as Dalal Street's "Big Bull."

Indian Equities Set for Range-Bound Week Amid Multiple Headwinds

Indian equity indices Sensex and Nifty face potential continued pressure in the week of August 17–21 as elevated crude prices, global uncertainty, and shifting US Federal Reserve expectations keep investors cautious. Analysts have identified four critical factors—crude oil prices, global market cues, inflation risks, and geopolitical developments—that will likely dictate market movement on Dalal Street this week.

Small, microcaps offer better alpha opportunities; midcaps look expensive

Equitree Capital Advisors' CIO Pawan Bharaddia argues that Indian equities will depend more on earnings growth than valuation re-rating going forward, with alpha opportunities concentrated in select small and microcaps in the ₹1,000–5,000 crore market cap range. Largecaps offer better stability and earnings visibility, while midcaps appear expensive relative to their prospects.

Kela's Portfolio: 7 Stocks Rally Up to 135% in 2026

Madhusudan Kela's disclosed portfolio of 19 stocks, valued at approximately Rs 2,665 crore as of August 14, saw seven holdings gain between 10% and 135% during 2026. The portfolio exhibited sharply divergent performance, with five stocks declining 15–30% over the same period.

Bitcoin Holds Near $63,000 as ETF Demand Cools, SEC Meeting Cancelled

Bitcoin traded near the $63,000 level as weaker exchange-traded fund demand and a cancelled Securities and Exchange Commission meeting dampened cryptocurrency sentiment. The broader crypto market declined 0.4%, with analysts pointing to subdued momentum and regulatory uncertainty as key headwinds.

Nifty consolidation to persist amid falling volatility, analysts note

The Nifty index is expected to remain range-bound with support levels at 24,200–24,150 and resistance at 24,550–24,600, according to analyst commentary. Options data indicates strong put writing activity, suggesting limited downside potential as market volatility continues to decline.